Principal Financial Group Inc. Buys 1,373 Shares of F&G Annuities & Life, Inc. (NYSE:FG)

Principal Financial Group Inc. lifted its position in shares of F&G Annuities & Life, Inc. (NYSE:FG) by 1.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,955 shares of the company’s stock after buying an additional 1,373 shares during the period. Principal Financial Group Inc. owned about 0.10% of F&G Annuities & Life worth $4,577,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Castlekeep Investment Advisors LLC purchased a new stake in F&G Annuities & Life in the fourth quarter worth about $1,717,000. Mutual Advisors LLC purchased a new position in F&G Annuities & Life during the 1st quarter worth $631,000. GAMMA Investing LLC boosted its position in F&G Annuities & Life by 4,236.3% during the 1st quarter. GAMMA Investing LLC now owns 12,185 shares of the company’s stock valued at $439,000 after acquiring an additional 11,904 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in F&G Annuities & Life by 11.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company’s stock valued at $17,123,000 after acquiring an additional 42,081 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of F&G Annuities & Life by 311.5% in the 4th quarter. Millennium Management LLC now owns 50,443 shares of the company’s stock worth $2,090,000 after purchasing an additional 38,185 shares in the last quarter. 95.86% of the stock is owned by hedge funds and other institutional investors.

F&G Annuities & Life Price Performance

Shares of NYSE:FG opened at $31.35 on Friday. The company has a 50-day moving average price of $31.76 and a 200 day moving average price of $37.03. F&G Annuities & Life, Inc. has a 52 week low of $30.01 and a 52 week high of $50.75. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.50. The company has a market cap of $4.22 billion, a P/E ratio of 8.31 and a beta of 1.55.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.47). The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $1.46 billion. F&G Annuities & Life had a return on equity of 12.89% and a net margin of 9.90%. Research analysts predict that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.

F&G Annuities & Life Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.88 dividend on an annualized basis and a yield of 2.81%. F&G Annuities & Life’s dividend payout ratio is currently 23.34%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FG. Wall Street Zen cut F&G Annuities & Life from a “hold” rating to a “sell” rating in a report on Saturday, July 12th. Barclays decreased their price target on F&G Annuities & Life from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th.

Insider Activity

In other F&G Annuities & Life news, CEO Christopher O. Blunt acquired 5,000 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was acquired at an average price of $32.11 per share, with a total value of $160,550.00. Following the transaction, the chief executive officer directly owned 894,964 shares in the company, valued at approximately $28,737,294.04. This represents a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have bought 45,000 shares of company stock valued at $1,399,900. Corporate insiders own 2.10% of the company’s stock.

About F&G Annuities & Life

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.